福陆公司Fluor Corporation (FLR) 2003年年度报告「NYSE」.pdf

1、FLUOR CORPORATION2003 ANNUAL REPORTCAPITALIZING ON GLOBAL DIVERSIFICATIONYear Ended December 31,2003 December 31,2002 Percent Change(in thousands,except per share amounts)Revenues$8,805,703$9,958,956(12)Earnings from continuing operations 179,455 169,976 6 Loss from discontinued operations (11,616)(

2、6,361)(83)Cumulative effect of change in accounting principle (10,389)NM Net earnings 157,450 163,615(4)Diluted earnings(loss)per share Continuing operations 2.23 2.13 5 Discontinued operations (0.15)(0.08)(88)Cumulative effect of change in accounting principle (0.13)NM Net earnings 1.95 2.05(5)Retu

3、rn on average shareholders equity from continuing operations 18.5%20.1%Capital expenditurescontinuing operations$79,183$63,014 26 New awards 9,976,000 8,596,800 16 Backlog$10,607,100 9,709,100 9 Cash dividends per common share 0.64 0.64 At Period End December 31,2003 December 31,2002 Percent Change(

4、in thousands,except per share amounts)Working capital$384,506$167,921 NM Total assets 3,449,482 3,142,151 10 Capitalization Short-term debt*221,469 NM Long-term debt*44,548 17,613 NM Shareholders equity 1,081,534 883,867 22 Total capitalization$1,347,551$901,480 49 Total debt as a percent of total c

5、apitalization 19.7%2.0%NM Shareholders equity per common share$13.17$11.02 20 Closing stock price 39.64 28.00 42 Salaried employees 17,564 19,259(9)Craft/hourly employees 11,447 25,550(55)Total employees 29,011 44,809(35)NM Not meaningful*December 31,2003 includes$127.0 million in debt($100.0 millio

6、n in short-term and$27.0 million in long-term)from the consolidation of variable interest entities as prescribed by FASB Interpretation No.46.FINANCIAL HIGHLIGHTSTable of Contents1 Letter 4 At-a-Glance6 Operations Report20 New Awards&Backlog Data21 Selected Financial Data22 Officers23 Board of Direc